Cotton Is Difficult To Raise Space.

Relatively quiet and entangled futures market, recent

Although futures prices are rising step by step, spot prices are rising.

On the backdrop of daily hyped up reserves, the new year of February is expected to raise prices for storage and purchase, and China in 2012.

However, whether the market can continue to go up and follow up the advantages and disadvantages is very important.

The specific analysis shows that the external macro surface is improving gradually, thus bringing about systematic market opportunities and pushing cotton prices up continuously. We should pay attention to the change of macro financial attributes. Again, the supply side will have problems again in the future. Domestic enterprises will first purchase imported cotton and so on, and the price of real estate cotton will be levelled, and the purchase of real estate cotton will start. Before the first quarter, the cotton reserves will not be granted. The current quota of imported cotton is still unknown, which has increased the imagination.

Of course, the capital side and the futures technology surface that have been seen in history are also a reference point for analyzing the current market.

From the perspective of the current futures price structure, downstream textile enterprises and the actual consumption of cotton, there is no doubt that the price is facing greater resistance.

In the near future, futures prices continue to rise. In addition to the excessive spread of imported cotton due to their higher storage and purchase price, resulting in increased procurement and higher prices, domestic spot cotton has not changed much. The current price differentials have also widened, hedging profits have emerged, and the value chain has attracted more and more attention.

What needs to be reminded is the situation of low inventory of raw materials of textile enterprises. From the current situation of the signing of the US cotton export, the late export resources are extremely limited, and the similar phenomena appeared in 2011. But two points to be reminded are: first, the mentality and buying and selling actions of the downstream consumer enterprises are quite different from those of 2011; two, the large shift of US cotton stocks did not substantially consume the status quo, which made the market doubtful about the shortage of resources.

Based on the short term multi fund speculation of capital and technology, if we continue to push the market, we must have further factors to follow up, and the operation still has a knife edge and licking blood, and the upper space is also hard to overlook. The price of 23 thousand yuan may be relative extreme high interval. From the perspective of firm's steady operation, we must do well the preparation and operation plan before keeping the value in the current situation. Based on the possibility of further rising, we can do a good job in the plan of capital management.